As your family business grows, procedures must be formalized to minimize conflict, expedite decision-making and allow input from a wider skill set. We'll review the pros and cons of and strategies for:

Establishing an objective board of directors

Creating a family council to tackle employment contracts, biring in family members, and succession planning

Writing organizational policies and procedures, including a strategic plan

Using metrics as decision-making tools

Drafting clear shareholder agreements on ownership policies

Don't miss this opportunity to learn and share your experiences.

Presenter: Susan Lesser, nPlusOne Consulting

CBIA Family Business Program Sponsors: CohnReznick, First Niagara, Reid & Riege PC

Tune to WFSB Channel 3 or WTIC 1080 for cancellations due to inclement weather.

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